Our home state. We built Pimlico here.
Pimlico Capital is one of the busiest private money lenders in Maryland. We are headquartered in Baltimore, we have closed more than 3,000 loans in the state since 2016, and Maryland is the largest market we lend in by a wide margin.
Both products run in every county. Bridge money for the purchase and the rehab, then a 30-year DSCR loan for the hold. If the deal is inside the city line, we cover that market in more depth on our Baltimore hard money lending page.
Both of our core products are available statewide to investors and entities (LLCs, corps, trusts). No owner-occupied loans.
We have closed more than 1,500 rental loans in Maryland. Rental is now the larger half of what we do in this state, and most of that volume has arrived since the start of 2024.
The median DSCR loan here is $172,000, and the middle half of them fall between $141,000 and $212,000. The loan qualifies on what the property rents for, not on the borrower's tax returns. The terms and the paperwork we ask for are on our 30-year DSCR rental loan page.
Roughly 4 in 10 of our Maryland DSCR borrowers financed the purchase or the rehab with us first. That path works the same way outside Baltimore City as it does inside it. Same investor, same property, two stages.
Stage one is the bridge loan, which is short and pays for the work. The median one in Maryland is $140,000. Stage two is the refinance once the property is finished and rented, and the median DSCR loan is $172,000. If you have not run the numbers on a two-stage deal before, our walk-through of the BRRRR strategy takes it step by step.
The second loan is easier for both sides. We already hold the file and the appraisal history, and we have watched the borrower finish a project, so the refinance does not start from scratch. Bridge terms are on our hard money loan page.
Baltimore County is the second largest market in our book, behind Baltimore City, and it prices higher than the city does. It also writes its own rental licensing and inspection rules, separate from Baltimore City and separate from the state, so a deal that crosses the line is a different piece of paperwork. The numbers, the towns we lend in most and the county rules worth knowing are on our Baltimore County hard money and DSCR lending page.
Both products are available in every county. The areas below are where we are busiest. For a wider read on the state, see our post on the best places to invest in Maryland real estate.
The largest market in the state for us, and the one with a page of its own. See hard money and DSCR lending in Baltimore →
Our second largest market, and the one with a page of its own. See hard money and DSCR lending in Baltimore County →
Glen Burnie, Pasadena, Arnold, Brooklyn.
Edgewood, Aberdeen, Bel Air, North East, Perryville.
Columbia, Frederick.
Hyattsville, Capitol Heights, District Heights, Temple Hills, Silver Spring, Takoma Park, Gaithersburg, Potomac.
Hagerstown, Salisbury, Ocean City.
Plenty of Maryland investors work both sides of the DC line, so we lend in the District as well as in the Maryland suburbs around it. The suburban areas we cover are in the list above.
If the property itself is in the District, the terms and the closing process are on our Washington DC hard money lending page.
Five statewide rules that catch investors here. Baltimore City and Baltimore County each add their own.
See more information on the following sites:
Get a quote online or call us. We'll size the deal in 24 hours.
Our in-house team underwrites with local knowledge, not a scoring algorithm.
5–10 business days for bridge, 3–4 weeks for 30-year rental.
Market updates, neighborhood breakdowns, and real Baltimore deals from our team. See every market we serve on our Where We Lend page.
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55+ investor guides covering DSCR, bridge loans, fix-and-flip, BRRRR, market updates, and more.
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